Impelus : Short Form Prospectus

For personal use only

Impelus Limited

ACN 089 805 416

CLEANSING PROSPECTUS

For an offer of up to 100,000 shares at an issue price of $0.01 each to raise $1,000 (before costs) (offer).

The offer is not underwritten.

This prospectus has been prepared primarily for the purpose of section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of shares issued by the company prior to the closing date.

This document is important and should be read in its entirety. If after reading this prospectus you have any questions about the securities being offered under this prospectus or any other matter, then you should consult your stockbroker, accountant or other professional advisor.

The shares offered by this prospectus should be considered as highly speculative.

For personal use only

	CONTENTS
1.	CORPORATE DIRECTORY.............................................................................................	2
2.	TIMETABLE .........................................................................................................................	3
3.	IMPORTANT NOTES ........................................................................................................	4
3.1.	Lodgement and timing...........................................................................................................	4
3.2.	Disclaimer ................................................................................................................................	4
3.3.	Electronic prospectus ............................................................................................................	4
3.4.	Foreign jurisdictions...............................................................................................................	4
3.5.	Speculative investment...........................................................................................................	4
3.6.	Other matters ..........................................................................................................................	5
4.	DETAILS OF THE OFFER...............................................................................................	6
4.1.	The offer ..................................................................................................................................	6
4.2.	Minimum subscription...........................................................................................................	6
4.3.	Over-subscriptions .................................................................................................................	6
4.4.	Applications.............................................................................................................................	6
4.5.	Application monies to be held on trust...............................................................................	6
4.6.	Issue of shares.........................................................................................................................	6
4.7.	Quotation of shares................................................................................................................	6
4.8.	Dividend policy.......................................................................................................................	7
4.9.	Financial forecasts ..................................................................................................................	7
4.10.	CHESS and issuer sponsorship ............................................................................................	7
4.11.	Privacy ......................................................................................................................................	7
4.12.	Taxation ...................................................................................................................................	8
4.13.	Enquiries ..................................................................................................................................	8
5.	PURPOSE AND EFFECT OF THE OFFER.................................................................	9
5.1.	Purpose of the offer ...............................................................................................................	9
5.2.	Financial effect of the offer ..................................................................................................	9
5.3.	Effect on capital structure .....................................................................................................	9
6.	RISK FACTORS..................................................................................................................	10
6.1.	Introduction ..........................................................................................................................	10
6.2.	Risks specific to the company ............................................................................................	10
6.3.	General risks..........................................................................................................................	10
6.4.	Speculative investment.........................................................................................................	11
7.	ADDITIONAL INFORMATION ..................................................................................	12
7.1.	Rights attaching to shares....................................................................................................	12
7.2.	Continuous disclosure..........................................................................................................	13
7.3.	Interests of directors ............................................................................................................	16
7.4.	Interests of experts and advisors........................................................................................	16
7.5.	Consents ................................................................................................................................	17
7.6.	Litigation ................................................................................................................................	17
7.7.	Expenses of the offer...........................................................................................................	17
8.	DIRECTORS' AUTHORISATION ................................................................................	18
9.	GLOSSARY ..........................................................................................................................	19

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For personal use only

1.	CORPORATE DIRECTORY
directors	Rodd Boland	Non-Executive Chairman
	Paris Magdalinos	Non-Executive Director
	Steven Hadjifotis	Non-Executive Director
company secretary	Madhukar Bhalla
registered office	71 Furniss Road, Landsdale WA 6065
website	www.impeluscorp.com
share registry*	Advanced Share Registry Services
	110 Stirling Highway, Nedlands WA 6009
auditor*	MNSA Chartered Accountants
	Level 1, 283 George Street, Sydney NSW 2000
solicitors to the	Blackwall Legal LLP
company	Level 26, 140 St Georges Terrace, Perth WA 6000
securities exchange	Australian Securities Exchange (ASX)
	ASX Code: IMS

*These entities are included for information purposes only. They have not been involved in the preparation of this prospectus and have not consented to being named in it.

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For personal use only

2.	TIMETABLE
08	February 2022	Lodgement of prospectus with ASIC and ASX
08	February 2022	Offer opens
15	February 2022	Closing date
17	February 2022	Quotation of shares issued under the offer
		The above timetable is indicative only and subject to change. Subject to the listing rules, the
		directors reserve the right to vary these dates, including the closing date, without prior notice. Any
		extension of the closing date will have a consequential effect on the anticipated date for issue of

the shares. The directors also reserve the right not to proceed with the whole or part of the offer at any time prior to allotment. In that event, the relevant application monies will be returned without interest.

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For personal use only

3. IMPORTANT NOTES

3.1. Lodgement and timing

1. This prospectus is dated 08 February 2022 and was lodged with ASIC on that date. ASIC, ASX and their officers take no responsibility for the contents of this prospectus or the merits of the investment to which this prospectus relates.
2. This prospectus is a transaction specific prospectus for an offer of continuously quoted securities (as defined in the Corporations Act) and has been prepared in accordance with section 713 of the Corporations Act. In preparing this prospectus, regard has been had to the fact that the company is a "disclosing entity" for the purposes of the Corporations Act and that certain matters may reasonably be expected to be known to investors and their professional advisers.
3. No securities may be issued on the basis of this prospectus later than 13 months after the date of this prospectus.

3.2. Disclaimer

1. No person is authorised to give information or to make any representation in connection with this prospectus which is not contained in the prospectus. Any information or representation not so contained may not be relied on as having been authorised by the company in connection with this prospectus.
2. It is important that investors read this prospectus in its entirety and seek professional advice where necessary. The shares the subject of this prospectus should be considered highly speculative. No document or information included on the company's website is incorporated by reference into this prospectus.

3.3. Electronic prospectus

This prospectus will be issued as an electronic prospectus which may be accessed on the internet at www.impeluscorp.com. The offer pursuant to the electronic prospectus is only available to persons receiving an electronic version of this prospectus in Australia. The Corporations Act prohibits any person passing the application form on to another person unless it is attached to, or accompanied by, the complete and unaltered version of the prospectus. During the offer period, any person may obtain a hard copy of this prospectus by contacting the company at the address set out in the corporate directory in Section1.

3.4. Foreign jurisdictions

No action has been taken to permit the offer of shares under this prospectus in any jurisdiction other than Australia. The distribution of this prospectus outside Australia may be restricted by law and therefore persons into whose possession this prospectus comes should seek advice on and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of those laws. This prospectus does not constitute an offer of any shares in any jurisdiction where, or to any person to whom, it would be unlawful to issue this prospectus.

3.5. Speculative investment

3.5.1. An investment in the shares offered under this prospectus should be considered highly speculative. Refer to Section 6 for details of the key risks applicable to an investment in the company. Persons wishing to apply for shares offered under this prospectus should

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